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Thread: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

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    US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    US employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery picking up steam.

    Employers added 290,000 jobs in April, the Labor Department said on Friday, far more than analysts had expected.

    The department also revised figures for February and March to show 121,000 more jobs were added than previously thought.

    The unemployment rate, however, rose to 9.9 percent as discouraged workers re-entered the labor force to look for work.
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    As speculated, job creation exceeded even the most optimistic expectations. At current rate, we are right at or exceeding the necessary requirements for the steady state. As job expectations increased, so did the unemployment rate. None the less, another round of positive news in the recovery of labor markets.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Goldenboy219 View Post
    source

    As speculated, job creation exceeded even the most optimistic expectations. At current rate, we are right at or exceeding the necessary requirements for the steady state. As job expectations increased, so did the unemployment rate. None the less, another round of positive news in the recovery of labor markets.
    Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

    If this is a recovery, we're @#$%ed.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

    If this is a recovery, we're @#$%ed.
    LOL you people got us into this crapper and now you complaining it is not a "good enough" recovery? Pathetic.
    PeteEU

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Wait a minute! The economy is recovering without the government? How is this possible!?

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

    If this is a recovery, we're @#$%ed.
    Actually - the latest news show the Dow didn't actually fall because of the economy but because of a glitch.

    That's $16 million, NOT $16 billion: Possible trader goof may have sparked 1,000-point Dow swing
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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by PeteEU View Post
    LOL you people got us into this crapper and now you complaining it is not a "good enough" recovery? Pathetic.
    You people = Frank, Dodd, Reid, Pelosi and the Fannie and Freddie circus.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Hatuey View Post
    Actually - the latest news show the Dow didn't actually fall because of the economy but because of a glitch.

    That's $16 million, NOT $16 billion: Possible trader goof may have sparked 1,000-point Dow swing
    It still dropped 340 yesterday, after the correction on the glitch, and that's on top of the previous two days' worth of drops, and today's near 200-point drop.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.

    If this is a recovery, we're @#$%ed.
    I think it said private sector jobs. Come on, dude. The economy was bound to recovery eventually - that's how the market's self-correcting mechanisms work.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by 1984 View Post
    I think it said private sector jobs. Come on, dude. The economy was bound to recovery eventually - that's how the market's self-correcting mechanisms work.
    Sure, it's stablized, and there are companies in better position to expand and take advantage of a more-talented-than-normal available pool of candidates, but the real recovery won't occur until business feels relatively safe from the buffoons in Washington and what they might pull next.

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    Re: US Jobs Up 290,000, but Jobless Rate Rises to 9.9 %

    Quote Originally Posted by Erod View Post
    Back out the fabricated government jobs. And the Dow has lost 900 points in four days and dropping.
    A market correction of 15% is more than a year over-due. Fear induced profit taking in light of the recent scares out of Europe leaves us with few real question marks regarding the pull back. With a federal funds rate near the zero bound, a more than adequate wall of liquidity will prevent markets from falling too far.

    If this is a recovery, we're @#$%ed.
    And if my ideology required the nation's economy to falter in its last attempts to stay somewhat relevant, i might have the same sentiment.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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